Oracle Chief Executive Larry Ellison is following up his purchase of a Hawaiian island with a regional airline to get to and from the tropical paradise.
Ellison bought 98% of the island of Lanai in June from Los Angeles billionaire David Murdock. The exact purchase price of the deal has not been disclosed but local observers value the 141-square-mile island at more than $500 million.
A holding company owned by Ellison took control Wednesday of Island Air, a regional carrier serving airports on all major Hawaiian islands.
The airline has 245 employees and three turboprop planes, with 224 weekly flights between the islands of Oahu, Maui, Molokai, Lanai and Kauai.